The National Bank for Financing Infrastructure and Development (NaBFID) approved a long-term loan of Rs 2,300 crore to Welspun One for its massive warehouse project that will be built in the Jawaharlal Nehru Port Authority (JNPA) region of Navi Mumbai this week, giving India’s aspirations for infrastructure development a major boost.
India’s largest single-location Grade-A warehousing facility is expected to be the logistics park, which is being built on a 55-acre plot of land in the special economic zone next to the busiest container port in the nation. Now fully financially closed, the Rs 2,700-crore project is expected to become a cutting-edge logistical and industrial infrastructure zone.
Welspun One claims that the development potential covers more than 3.6 million square feet and can accommodate the demands of manufacturers, consumer products companies, e-commerce behemoths, and third-party logistics providers. The developers hope to optimise connectivity, customs procedures, and operational scalability by carefully placing the facility inside a SEZ, resulting in a model that is in line with international best practices.
NaBFID’s deliberate decision to provide funding for the warehousing industry highlights the organization’s increasing emphasis on long-gestation infrastructure industries that call for adaptable financial arrangements. The 22-year term loan extended to Welspun One not only reflects the institution’s confidence in India’s evolving logistics ecosystem but also its commitment to long-term economic growth.
A senior NaBFID official emphasised the significance of this warehousing project, noting its scale, alignment with global design and sustainability standards, and strategic location within a Special Economic Zone (SEZ), enhancing its appeal for both domestic and international trade.
The investment comes at a pivotal time as India works to modernise its warehousing sector. With rising e-commerce and just-in-time manufacturing, the demand for efficient logistics infrastructure is growing. Projects like JNPA’s are seen as catalysts for regional growth, job creation, and supply chain integration—especially when backed by long-term financing insulated from market volatility.
Welspun One reaffirmed its commitment to building green, scalable infrastructure. With nearly 22 million sq. ft. under management and plans to expand its AUM to USD 1 billion, the company remains a key player in India’s logistics evolution.CBRE, Saraf and Partners, and BDO advised on the transaction, which reflects a growing public-private synergy. As Navi Mumbai gears up for rapid growth, such sustainable infrastructure projects align with India’s green transition and urban resilience goals.
Source: Urban Acres
